The purpose of ethnomethodological and ethnographic research analysis.

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Compare and contrast the purpose of ethnomethodological and ethnographic research analysis.

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The purpose of ethnomethodological and ethnographic research analysis

Research is a fascinating and unique field in the gathering of information. A researcher can choose from a myriad of research strategies; conventional research strategies and alternative research strategies. Some alternative approaches include ethnography and ethnomethodology. Ethnography primarily concerns itself with the prolonged study of a group of people. This generally involves immersion and participation in their day to day lives in an attempt to discover who they think they are, what they think they are doing and to what end they think they are doing it. It may involve many methodologies to accomplish this. Ethnomethodology, on the other hand, studies activities of group members to discover how they make sense of their surroundings. It specifically studies how individuals give sense to and accomplish their daily activities. It is not so much concerned with what they are doing but rather how they make sense of it.

The high level functionary in the Financial Stability Activity is the Financial Stability Executive Board.The board would identify the risk prone areas and advise the necessary actions that are to be taken in bringing down such risks. Thus the board helps to strengthen the financial structure of the United Kingdom both at home and abroad. Financial stability report makes the public to understand the issues concerning the financial stability.

Memorandum of understanding between HM Treasury, the Bank of England and the Financial Services Authority.

The memorandum of understanding establishes a framework for co-operation between HM Treasury, the Bank and FSA. It sets out the role of each authority and explains how they work together towards the common objective of financial stability in U.K.

The division of responsibilities is based on four guiding principles. They are:

  • Clear Accountability: Each authority should have unambiguous and well defined responsibilities and should be accountable for their actions.
  • Transparency: The responsibility of each authority should be made known to the public at large.
  • Avoidance of duplication: Each authority should have a well defined role. They must exercise utmost care in avoiding inefficiency and unnecessary duplication of effort.
  • Regular information exchange: Efficient and effective discharge of responsibilities is possible only by means of regular exchange of required information.

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